EVENING SNAPSHOT - Americas Markets Summary

24 December 2013 23:00 Source:ICIS News

HOUSTON (ICIS)--Here is Tuesday's end of day Americas oil and chemical market summary from ICIS.

CRUDE: Feb WTI: $99.22/bbl, up 31 cents; Feb Brent: $111.90/bbl, up 34 cents
NYMEX WTI crude futures settled higher in extremely light volume on pre-holiday short covering. WTI tracked a rally in the refined products and upbeat economic data showing durable goods orders rising in November. Brent received underlying support from supply worries in Libya and South Sudan, as well as refinery outages in France as a result of labour strikes.

RBOB: Jan $2.8142/gal, up 3.39 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled higher on increased buying ahead of the Christmas holiday and a gain in West Texas Intermediate (WTI) crude futures.

NATURAL GAS: Jan: $4.416MMBtu, down 4.7 cents
The January front month on the NYMEX natural gas futures market erased the gains made earlier this week, closing down 1% on a slightly warmer temperature outlook and profit-taking sentiment among market participants in a trading session marked by low volumes.

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By Staff Reporter